Keel Wealth Management, LLC (Austin)

Name: Keel Wealth Management, LLC
Address: 1510 Windsor Rd, Austin, TX, 78703
Telephone: 512-368-4666

Keel Wealth Management, LLC is a large advisory firm based in Austin. It manages $171 million of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

Keel Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Keel Wealth Management: assets under management

The assets under management (AUM) of Keel Wealth Management, LLC is $171 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31 million in discretionary accounts and $140 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.72 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $140 million.

Investments

The firm invests in state and local bonds the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Keel Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keel Wealth Management serves?

The firm provides services to high net worth individuals and banking or thrift institutions. The largest group of clients of Keel Wealth Management is high net worth individuals with 19 clients and $171 million of assets under management. Among the 9 most similar advisory firms, Keel Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $171 million for 20 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Keel Wealth Management doesn't advise any private funds.

Careers at Keel Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Keel Capital	Member owner	1 Oct 2016	75% - 100%	81-3961151
William Howard Wolf	Chief compliance officer	1 Oct 2016	Other	1921325
Scott Laurence Zodin	Chief compliance officer, chief investment officer	1 Nov 2016	50% - 75%	1790609

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Jenne Zodin	Managing member	1 Oct 2016	75% - 100%	1816749
Elizabeth Jenne	Managing member	1 Oct 2016	75% - 100%	1816749
Scott Laurence Zodin	Managing member	1 Jan 2017	50% - 75%	1790609

Based in Austin

The principal office where Keel Wealth Management, LLC performs its advisory services is located at 1510 Windsor Rd, Austin, TX 78703, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-368-4666 or by fax 512-367-5659. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at keelwealth.com/.